You may establish two separate flexible spending accounts - a Health Care Spending Account and/or a Dependent Care Spending Account. A flexible spending account is an employee-funded, tax-sheltered account from which you may reimburse yourself with tax-sheltered funds for expenses allowed under Internal Revenue Service requirements. Flexible spending accounts increase your purchasing power by allowing payment for certain expenses with dollars that are free of Federal Income Tax and Social Security Tax. The same expenses cannot be reimbursed from a health care spending account and a dependent care spending account which are claimed as a deduction or credit on your tax return.
Click here for more details and to access the flexible spending claim form and payment schedule.
Employee Benefit Data Service (EBDS)
Customer Service Contact: 1-800-207-9310